Fall Regulatory Summit

Internal Use Only Inflation: Transitory or Persistent? (source: Bureau of Labor Statistics)

• CPI by 0.6% in August – after being up 0.2% and 0.2% in July and June. Overall CPI up 3.7% over last 12 months. • Core CPI up 0.3% in August – after being up by 0.2% and 0.2% in July and June. Core up 4.3% over same period. • Energy component rose by 5.6% in August. The energy component is down 3.5% over the last 12 months. • Food component rose by 0.2% in August. The energy component is up 4.3% over the last 12 months. • PCE up 3.3% for 12 months ending in July, core PCE up 4.2% over the same period.

FALL REGULATORY SUMMIT Denver, CO – September 25, 2023

Internal Use Only

Energy Cost: Oil & Natural Gas

$10.00 $12.00 $14.00 $16.00

$140

WTI

$120

Gas HH

$100

$- $2.00 $4.00 $6.00 $8.00

$80

$60

$40

$20

Jul-07

Jul-14

Jul-21

Jan-04

Jan-11

Jan-18

Sep-08

Sep-15

Sep-22

Mar-05

Mar-12

Mar-19

Nov-09

Nov-16

May-06

May-13

May-20

FALL REGULATORY SUMMIT Denver, CO – September 25, 2023

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